09/23/2015
Good Resources launching online bank in Gibraltar
The online bank will be oriented to markets in Europe, the Middle East and China
Regulation, Risk & Compliance
09/23/2015
Mauritius: Investment Promotion and Protection Agreement Signed With Dubai
The Mauritian delegation also had meeting with potential investors
09/23/2015
Cayman Islands: Remittances: Have cash, will travel
The global issue hit home this summer when Fidelity Bank and Cayman National Bank stopped offering those services
09/18/2015
CAYMAN ISLANDS: Bank restrictions on US$ exchange
People come to this country to make a better life for their families
09/16/2015
LuxSE and Alfi publish Compilation of Investment Fund Laws and Regulations
The second publication covers alternative investment funds established under Luxembourg law and other investment vehicles which are neither UCITS nor AIFs.
09/14/2015
The frustration of funds and investment houses, holding beneficial interests in notes issued by defaulting Asian corporates
The frustration of funds and investment houses, holding beneficial interests in notes issued by defaulting Asian corporates
09/13/2015
BARBADOS: Not international business as usual
Foreign direct investment from more developed nations is likely to be reduced.
09/11/2015
Guernsey extends market access to EU countries under AIFMD
Guernsey's Government, the States of Guernsey, has now amended its Investor Protection regulations for AIFMs and AIFs based in EU Member States
09/11/2015
Venture capital licence bolsters Crestbridge pan-European capabilities
The EuVECA regulation, which became applicable in all EU Member States on 22 July 2013, the same day as the Alternative Investment Managers Directive (AIFMD), provides for a common EU framework for fund managers of certain venture capital funds which plac
09/11/2015
CIMA takes aim at corporate governance standards
The regulator kicked off a private sector consultation exercise last month to gather industry feedback on its proposed minimum standards for corporate governance.
09/10/2015
Isle of Man chief predicts ‘anti-offshore activity’
Isle of Man Government chief minister Allan Bell has predicted a wave of negative campaigning focused on the Isle of Man and the other crown dependences, if Jeremy Corbyn wins the leadership of the UK’s Labour Party.
09/08/2015
ESMA recommends extending AIFMD marketing passport outside Europe
The passport is currently only available to EU fund managers.
09/05/2015
Former island resident under international scrutiny
The international media is warning potential investors about Republic Asset Management Corp., reportedly controlled by former Cayman Island residents Ryan and Cody Bateman.
09/04/2015
Swiss Banking division Pays $10.4 Million in Deal With U.S.
“As today’s agreement reflects, Swiss banks continue to lift the veil of secrecy surrounding bank accounts opened and maintained for U.S. individuals in the names of sham structures such as trusts, foundations and foreign corporations,
09/03/2015
US and Swiss agencies set to reveal more on FIFA probes
Six of his former colleagues are still on remand in Switzerland fighting extradition to the US.
09/03/2015
Disclosure of Beneficial Owners of EU Companies, Trusts and Foundations
The 4th AML Directive requires disclosure of beneficial ownership information to central registers.
08/31/2015
Uncertainty for offshore financial centres?
Despite all of the efforts by the Cayman Islands to comply with international compliance initiatives such as signing tax information agreements with other countries and complying with the US and UK FACTA, history has shown that the jurisdiction still come
08/31/2015
Guernsey QROPS Transfer Delay Complaint Rejected
The delay stopped the transfer because HM Revenue & Customs delisted the Guernsey QROPS he planned to receive his pension cash.
08/23/2015
Switzerland could turn the scales in 1MDB scam
Swiss financial regulator FINMA said on August 19 that it will check with some of the country’s banks on whether they carried out any business with 1MDB and whether fishy transactions were involved.
08/23/2015
Bahamas “largely compliant” says OECD Tax Policy Director
Echoing this sentiment was Minister of Financial Services, Hon. Hope Strachan, who also spoke at the luncheon.